NAME OF RESEARCH

Georgian Economy - Let’s Float Together

NAME OF AUTHOR

Galt & Taggart

CATEGORY

Economy

YEAR

2015-12-29

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Azerbaijan’s central bank moved to a floating exchange rate on December 21, causing an immediate 32.3% devaluation of the AZN against the US$. While Azerbaijan is Georgia’s important trading partner, its already reduced share (dominated by re-exports) in Georgian exports minimizes the potential negative impact of the devaluation on Georgia’s trade balance.

The paper reviewvs the possible changes regarding the devaluation on Georgia’s trade balance.